Ambuja Cements to acquire Orient Cement for ₹8,100 crore
Ambuja Cements, a major player in the Indian cement industry and part of the Adani Group, is set to acquire a 46.8% stake in Orient Cement, with the deal valued at ₹8,100 crore. This acquisition involves buying shares from the current promoters and select public investors. As part of the agreement, Ambuja will also initiate an open offer to acquire an additional 26% stake from public shareholders, adhering to regulatory requirements.
This strategic move aims to bolster Ambuja’s market share and expand its production capacity, aligning with its broader goal of increasing its cement production footprint across India. By acquiring Orient Cement, Ambuja will strengthen its market positioning, potentially leading to enhanced operational synergies and increased efficiency.
The deal aligns with Ambuja Cements’ aggressive expansion strategy, which includes both organic and inorganic growth. With this acquisition, the company continues to leverage its financial strength and strategic assets to compete more effectively in the sector, which is experiencing growing demand, especially in infrastructure and construction.
The acquisition not only reflects Ambuja’s intent to dominate the market but also highlights the Adani Group’s broader strategy to consolidate its presence across various sectors, reinforcing the group’s diversified business model. With this deal, Ambuja’s capacity expansion is expected to cater to growing demand across regions, ensuring a competitive edge in India’s robust cement industry.